PROPERTIES

Chestnut Park Apartments
- San Antonio, TX

DESCRIPTION & STRATEGY:

Chestnut Park Apartments is a 145 unit apartment complex located in the Castle Hills submarket of San Antonio. Built in 1979, the property is 97% occupied and well maintained for the vintage. There is significant upside to capitalize on under-market rents by implementing a repositioning and renovation strategy including, increased curb appeal, common area renovations and unit interior upgrades.

The property was not actively marketed for sale and owned and managed under the same ownership for the last 20 years. This undermanaged asset was acquired as part of a $30M equity facility and bridge financing from Walker & Dunlap.

REAL ESTATE MARKETS

In today’s environment, our company has taken an opportunistic approach to investing in office, industrial, R&D, office/flex, residential and multi-family properties throughout the western half of the United States.